Dropped iPhone4s in water, now speaker not working?

Before I start please no body say 'its your fault for taking it in the bath' cause I know it is.

Anyway my iPhone slipped from the side of the bath into the actual bath, I caught it as fast as I could and I chucked it back on the side of the bath. It was probably under the water for about 2 seconds. When I eventually told myself what had happened, I picked up my phone and switched it off. I then dried it with a towel and took the case off the back to dry the back aswell. I did turn my phone back on to see if it was working and it was apart from the speakers.

I left my phone turned off and in a tin of rice over night, I've turned it back on and everything seems to be working fine apart from the speakers at the bottom because literally no sound is coming out of them? Also the speaker where you can hear people speaking on the phone isn't working. I can still listen to music if I have my headphones in but that's it.

I'm not sure how I'm supposed to tell my parents cause they will go mad! Does anybody know how much it costs to go to the store to get it fixed and how long it takes?
Or is there any kits where you can do this yourself at home?

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